Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Malagasy Ariary/Euro (FOREX:MGAEUR)
Bear Market Rally (-75) - MGAEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MGAEUR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MGAEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for MGAEUR
The long-term trend has been DOWN since Mar 12th, 2025 at 0.00020155
The intermediate-term trend has been UP since Apr 27th, 2025 at 0.00019556
The short-term trend has been DOWN since May 2nd, 2025 at 0.00019476
Smart Scan Analysis for MGAEUR
Based on our trend formula, MGAEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00019434 | 0.00019434 | 0.00019434 | 0.00019434 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00019434 | 2025-05-04 11:00:59 |